A challenger bank based in Warrington has taken on a raft of new employees in response to “phenomenal interest” in its commercial mortgages.

Redwood Bank employed six new staff with over 150 years of combined banking experience, bringing its headcount to 44.

The company took on Callum Finnigan and Joanna Carroll as business development officers, both from Royal Bank of Scotland.

It also appointed Lee Casey, formerly of HSBC, and John Hall, who has experience with Lloyds Bank and Cambridge & Counties. Both now work for Redwood as business development managers for the South and East.

They are joined by business development officer Lynn Kemp, who will likewise cover the South and East. She has 40 years’ experience in banking.

The sixth appointment is Paul Holmes, who joined the firm’s credit and underwriting team. He most recently worked as a business lending specialist within the commercial team at Metro Bank.

Redwood Bank was set up in August last year with the help of a £30m investment from Warrington Borough Council.